China's central bank maintains loan prime rates, anticipates further economic stimulus measures.

China's central bank kept the loan prime rates (LPRs) unchanged, as expected, with the 1-year LPR at 3.35% and the 5-year rate at 3.85%. The PBOC made surprising cuts in July in response to economic challenges. The bank is expected to take further measures to stimulate the economy due to ongoing weakness, including potential changes to the reference rate for the yuan.

August 19, 2024
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